📊 MORPEN LABORATORIES | Long-Term Breakout 🚀
A powerful Multi-Year Rounding/Base Formation is visible on the 3M chart.
The stock has formed a long-term series of Higher Lows along the rising trendline and has now broken above the major ₹100.90 resistance.
🔑 Breakout: ₹100.90
📍 Current: ~₹106
🎯 Targets:
₹120 → ₹135 → ₹150 → ₹165–₹170 → ₹190–₹200
🛑 SL: ₹95
⚠️ Positional invalidation: ₹85
🔥 Key Level: ₹100.90
A successful retest of ₹100–₹101 could strengthen the breakout.
Structure: Multi-Year Base + Ascending Trendline + Resistance Breakout 📈
⚠️ Technical analysis only. Not a buy/sell recommendation.
#Morpen #MorpenLabs #Breakout #TechnicalAnalysis #StockMarket #NSE #SwingTrading #PriceAction #Multibagger #Trading
A powerful Multi-Year Rounding/Base Formation is visible on the 3M chart.
The stock has formed a long-term series of Higher Lows along the rising trendline and has now broken above the major ₹100.90 resistance.
🔑 Breakout: ₹100.90
📍 Current: ~₹106
🎯 Targets:
₹120 → ₹135 → ₹150 → ₹165–₹170 → ₹190–₹200
🛑 SL: ₹95
⚠️ Positional invalidation: ₹85
🔥 Key Level: ₹100.90
A successful retest of ₹100–₹101 could strengthen the breakout.
Structure: Multi-Year Base + Ascending Trendline + Resistance Breakout 📈
⚠️ Technical analysis only. Not a buy/sell recommendation.
#Morpen #MorpenLabs #Breakout #TechnicalAnalysis #StockMarket #NSE #SwingTrading #PriceAction #Multibagger #Trading
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.